Shares of Mid-America Apartment Communities Inc. (NYSE:MAA) have earned an average rating of “Hold” from the fifteen research firms that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $101.81.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Saturday, August 6th. Jefferies Group lowered Mid-America Apartment Communities from a “buy” rating to a “hold” rating and dropped their target price for the company from $115.00 to $109.00 in a research report on Wednesday, August 10th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $115.00 target price on shares of Mid-America Apartment Communities in a research report on Tuesday, August 16th. BMO Capital Markets lowered Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating and upped their target price for the company from $108.00 to $114.00 in a research report on Friday, July 8th. They noted that the move was a valuation call. Finally, SunTrust Banks Inc. reiterated a “hold” rating and issued a $110.00 target price (up previously from $103.00) on shares of Mid-America Apartment Communities in a research report on Friday, July 15th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Mid-America Apartment Communities by 172.0% in the second quarter. JPMorgan Chase & Co. now owns 2,261,154 shares of the real estate investment trust’s stock valued at $240,586,000 after buying an additional 1,429,879 shares during the last quarter. Norges Bank acquired a new position in shares of Mid-America Apartment Communities during the fourth quarter valued at $54,005,000. State Street Corp increased its position in shares of Mid-America Apartment Communities by 15.7% in the first quarter. State Street Corp now owns 3,553,434 shares of the real estate investment trust’s stock valued at $363,194,000 after buying an additional 481,915 shares during the last quarter. NN Investment Partners Holdings N.V. increased its position in shares of Mid-America Apartment Communities by 1,481.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 478,541 shares of the real estate investment trust’s stock valued at $50,918,000 after buying an additional 448,279 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Mid-America Apartment Communities by 3.0% in the second quarter. Vanguard Group Inc. now owns 11,555,159 shares of the real estate investment trust’s stock valued at $1,229,468,000 after buying an additional 337,159 shares during the last quarter. 96.86% of the stock is owned by institutional investors and hedge funds.

Shares of Mid-America Apartment Communities (NYSE:MAA) opened at 90.54 on Friday. The company has a market cap of $6.84 billion, a PE ratio of 30.60 and a beta of 0.33. The firm’s 50-day moving average is $94.39 and its 200-day moving average is $99.97. Mid-America Apartment Communities has a 1-year low of $81.72 and a 1-year high of $110.01.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.08. Mid-America Apartment Communities had a return on equity of 7.10% and a net margin of 20.93%. The business had revenue of $272.20 million for the quarter, compared to analyst estimates of $272.71 million. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Mid-America Apartment Communities will post $5.92 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 14th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Wednesday, October 12th. Mid-America Apartment Communities’s payout ratio is 111.56%.

Mid-America Apartment Communities Company Profile

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